Policy Minimum Limits Sample Clauses
The Policy Minimum Limits clause sets the lowest amount of insurance coverage that must be maintained under a contract or agreement. Typically, it specifies the minimum dollar values for various types of insurance, such as general liability or professional indemnity, that a party must carry throughout the contract term. By establishing these baseline requirements, the clause ensures that adequate financial protection is in place, reducing the risk of insufficient coverage in the event of a claim or loss.
Policy Minimum Limits. Seller's General Liability Insurance shall have a minimum limit of One Million Dollars ($1,000,000) per occurrence and Two Million Dollars ($2,000,000) aggregate, combined single limit, for bodily injury (including death) or property damage.
Policy Minimum Limits. If the Nameplate Capacity of the Facility is 20 MW-AC or less, Seller’s General Liability Insurance shall have a minimum limit of One Million Dollars ($1,000,000) per occurrence and Two Million Dollars ($2,000,000) aggregate, combined single limit, for bodily injury (including death) or property damage. If the Nameplate Capacity of the Facility is in excess of 20 MW-AC, Seller’s General Liability Insurance shall have a minimum limit of Two Million Dollars ($2,000,000) per occurrence and Four Million Dollars ($4,000,000) aggregate, combined single limit for bodily injury (including death) or property damage.